Pension Funds Say Fortinet Leaders Misled Market With Overly Rosy Refresh Outlook. Public pension funds filed securities fraud lawsuits claiming Fortinet misled investors by overstating the value and timing of a major firewall refresh cycle. The lawsuits allege the refresh involved outdated products and had limited business impact, contradicting Fortinet’s upbeat public messaging.
First seen on govinfosecurity.com
Jump to article: www.govinfosecurity.com/fortinet-accused-securities-fraud-over-firewall-forecasts-a-29829
